Personal Finance and Money Stack Exchange
Personal Finance and Money Stack Exchange

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1500 questions
21
votes
4 answers

Receiving a product after getting a refund

Last week I ordered 2 kits of impact drivers due to the unbelievably low price. The product was discounted from 300EUR to 100, so I bought 2 of them. Next day I received an email from the company, that the given price was a mistake and that the…
Žiga Gazvoda
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2 answers

What happens to options if a company is acquired / bought out?

I have some out of the money options with pretty far off expiry dates (Jan 2013, for example). What happens if the underlying company is acquired before then, while I'm still holding the options? Do they instantly expire worthless? What if if the…
Jer
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21
votes
1 answer

What tax law loophole is Buffett referring to?

In a recent op-ed, Warren Buffett made a claim about investment managers: Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors. Now I thought capital gains…
jldugger
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21
votes
4 answers

How can I remove my name from a car loan?

I financed a car, then my friend took over the payment. We went to the bank to transfer the car over to her, but I still had to be on the loan as a co-signer. Last year she was still paying on the car, but the title is in just her name. How can I…
Stephanie
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21
votes
4 answers

HELOC debt is 2x my mortgage, help

My home equity line of credit (HELOC) amount owed has now grown to where it is approximately double the amount remaining on my mortgage and the interest payments are killing me. I have no other debt. The total amount owed, remaining mortgage plus…
Debt-ridden Dude
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21
votes
6 answers

Why do companies have a fiscal year different from the calendar year?

There are many companies that have their year end occur on dates other than December 31. What are the advantages to this?
Zephyr
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21
votes
9 answers

Does gold's value decrease over time due to the fact that it is being continuously mined?

As one can see here ( How fast does the available amount of gold in the world increase due to mining? ), available amount of gold is increasing. That sounds similar to printing more money. I suppose demand is growing even more right now, but is it…
Enno Shioji
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20
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8 answers

What is the incentive for a bank to refinance a mortgage at a lower rate?

I can't figure out why banks would actively try to get their customers to refinance their mortgage at a lower interest rate. And to be absolutely clear, I am talking about a bank refinancing a loan at their own bank (Wells Fargo refinancing a loan…
guidoism
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20
votes
4 answers

Does "monthly interest of 1.5% AER" mean that I will get a 1.5% interest every month?

I'll soon be 16 and I'm comparing a few high interest savings / current accounts and this one from Santander UK looks too good to be true, so I think I'm not understanding it right. Santander 1-2-3 current account says that I get Monthly interest of…
Miss Understood
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20
votes
7 answers

Replace old A/C before selling house?

tl;dr: would I get my money back if I replaced the leaky old A/C before I sell my house? The central air conditioner in my house is a little over 20 years old. I just had to pay $200 to add freon, and I had to do the same last year, so I think it's…
BradDaBug
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20
votes
3 answers

Is it really risky to make your IBAN public?

It seems that people are reluctant to give their IBAN to strangers. I saw someone downvoting an app only because it shows the IBAN in clear on the main screen. Is this rational? What could someone do knowing your IBAN?
Marco Altieri
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20
votes
1 answer

If you put a freeze on your credit, will your credit score stop changing?

I have placed credit freezes at all three agencies in the US. I have existing debt that I am paying on time, will the credit freeze stop that activity from being recorded and helping my credit score?
J. Ari
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20
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1 answer

Are assets lost in a bankruptcy valued at the time of loss, or according to current value?

For the purposes of claiming a casualty loss in tax filings, can stocks be valued at their current par or is their value only what it was at the time of the loss? My situation is that I have stock that was held by company that went bankrupt due to…
Five Bagger
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20
votes
3 answers

Target Funds for a casual investor - benefits/drawbacks

I want to invest in something but don't have much knowledge; I'm considering a target fund based on approximate retirement date. What are the benefits / drawbacks to a casual investor, of investing in such a fund?
Rich
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20
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2 answers

Was my insurance technically cancelled?

A few weeks ago I received a cancellation notice effective two weeks from then for my home insurance because of a single occurrence of a lack of funds. I immediately paid the balance due and had the insurance company confirm that coverage would…
ApplePie
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